Marvell Technology Stock Forecast, Price & News

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology in the last year. There are currently 3 hold ratings and 22 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Marvell Technology stock.
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Wall Street analysts have given Marvell Technology a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Marvell Technology wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Marvell Technology saw a increase in short interest during the month of May. As of May 28th, there was short interest totaling 15,890,000 shares, an increase of 24.7% from the May 13th total of 12,740,000 shares. Based on an average daily volume of 9,820,000 shares, the days-to-cover ratio is presently 1.6 days.
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Marvell Technology is scheduled to release its next quarterly earnings announcement on Thursday, August 26th 2021.
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Marvell Technology, Inc. (NASDAQ:MRVL) posted its quarterly earnings results on Sunday, June, 6th. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.27 by $0.02. Marvell Technology had a positive trailing twelve-month return on equity of 5.25% and a negative net margin of 8.13%. During the same quarter in the previous year, the company earned $0.18 earnings per share.
View Marvell Technology's earnings history.

Marvell Technology's stock was trading at $22.01 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MRVL shares have increased by 136.7% and is now trading at $52.10.
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Marvell Technology announced a quarterly dividend on Thursday, June 3rd. Stockholders of record on Friday, July 9th will be paid a dividend of $0.06 per share on Wednesday, July 28th. This represents a $0.24 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend is Thursday, July 8th.
View Marvell Technology's dividend history.

Marvell Technology pays an annual dividend of $0.24 per share and currently has a dividend yield of 0.46%. Marvell Technology does not yet have a strong track record of dividend growth. The dividend payout ratio of Marvell Technology is 41.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Marvell Technology will have a dividend payout ratio of 17.14% next year. This indicates that Marvell Technology will be able to sustain or increase its dividend.
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Marvell Technology updated its second quarter 2022 earnings guidance on Tuesday, June, 8th. The company provided EPS guidance of $0.280-0.340 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.300. The company issued revenue guidance of $1.03 billion-1.10 billion, compared to the consensus revenue estimate of $1.04 billion.

25 equities research analysts have issued 1-year price objectives for Marvell Technology's stock. Their forecasts range from $40.00 to $70.00. On average, they anticipate Marvell Technology's stock price to reach $55.05 in the next year. This suggests a possible upside of 5.7% from the stock's current price.
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247 employees have rated Marvell Technology CEO Matt Murphy on Glassdoor.com. Matt Murphy has an approval rating of 89% among Marvell Technology's employees.

Some companies that are related to Marvell Technology include NVIDIA (NVDA), Intel (INTC), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Microchip Technology (MCHP), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), Cree (CREE), First Solar (FSLR), Lattice Semiconductor (LSCC) and Silicon Laboratories (SLAB).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Marvell Technology investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Micron Technology (MU), QUALCOMM (QCOM), Alibaba Group (BABA), Intel (INTC), salesforce.com (CRM), The Walt Disney (DIS), Cisco Systems (CSCO) and Square (SQ).

Marvell Technology trades on the NASDAQ under the ticker symbol "MRVL."

Marvell Technology's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.08%), Price T Rowe Associates Inc. MD (6.35%), Goldman Sachs Group Inc. (2.52%), Ameriprise Financial Inc. (1.85%), Allianz Asset Management GmbH (1.66%) and Brown Advisory Inc. (1.43%). Company insiders that own Marvell Technology stock include Andrew Micallef, Dan Christman, Dean E Jr Jarnac, Edward H Frank, Jean X Hu, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Oleg Khaykin, Richard Hill and Willem A Meintjes.
View institutional ownership trends for Marvell Technology.

MRVL stock was sold by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, Ceredex Value Advisors LLC, Millennium Management LLC, TimesSquare Capital Management LLC, Mirae Asset Global Investments Co. Ltd., Inverness Counsel LLC NY, Wedge Capital Management L L P NC, and Victory Capital Management Inc.. Company insiders that have sold Marvell Technology company stock in the last year include Andrew Micallef, Dean E Jr Jarnac, Jean X Hu, Matthew J Murphy, Michael G Strachan, and Mitchell Gaynor.
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MRVL stock was bought by a variety of institutional investors in the last quarter, including Neuberger Berman Group LLC, BlackRock Inc., Janus Henderson Group PLC, Goldman Sachs Group Inc., Allianz Asset Management GmbH, Robeco Schweiz AG, Ameriprise Financial Inc., and Rafferty Asset Management LLC.
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Shares of MRVL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MRVL stock can currently be purchased for approximately $52.10.

Marvell Technology has a market capitalization of $35.20 billion and generates $2.97 billion in revenue each year. The semiconductor company earns $-277,300,000.00 in net income (profit) each year or $0.58 on an earnings per share basis.

Marvell Technology employs 5,340 workers across the globe.

The following companies are subsidiares of Marvell Technology: Aquantia, Aquantia (Cayman) Ltd., Aquantia B.V., Aquantia C.V., Aquantia Corp., Aquantia Czech s.r.o , Aquantia Japan G.K., Aquantia LLC, Aquantia Rus LLC, Aquantia Semiconductor India Pvt Ltd, Aquantia Technology B.V., Avago - Printer ASICs, Avera, Avera Semiconductor LLC, Cavium, Cavium India Holdings LLC, Cavium International, Cavium LLC, Cavium Networks (India) Private Limited, Cavium Networks Asia, Cavium Networks International, Cavium Networks International Inc., Cavium Networks LLC, Cavium Networks Singapore Pte. Ltd., Cavium Semiconductor Technology (Shanghai) Co. Ltd., Cavium Taiwan Ltd., Cavium UK Ltd., Diseño de Sistemas en Silicio, Galileo Technology, Iamba Networks, Inphi, Kinoma Inc., Marvell Asia Pte Ltd, Marvell Hong Kong Limited, Marvell India Private Limited, Marvell International Ltd., Marvell International Technology Ltd., Marvell Israel (M.I.S.L) Ltd., Marvell Italia S.r.l., Marvell Japan K.K., Marvell Netherlands B.V., Marvell Semiconductor Canada Inc., Marvell Semiconductor Germany GmbH, Marvell Semiconductor Inc., Marvell Semiconductor Korea Ltd., Marvell Semiconductor Ltd., Marvell Semiconductor Sdn. Bhd., Marvell Semiconductor Technology S.a.r.l., Marvell Software Solutions Israel, Marvell Switzerland S.a.r.l., Marvell Taiwan Ltd., Marvell Technology (Beijing) Ltd., Marvell Technology (Chengdu) Ltd., Marvell Technology (Nanjing) Ltd., Marvell Technology (Shanghai) Ltd., Marvell Technology Denmark ApS, Marvell Technology Inc., Marvell Technology Japan Y.K., Marvell Technology Sweden AB, Marvell Technology Vietnam LLC, Marvell UK Limited, Marvell World Trade Ltd., NetXen Inc., PT. Marvell Technology Indonesia, PicoMobile Networks, QLGC Limited (Ireland), QLogic Hong Kong Ltd., QLogic India Pvt. Ltd., QLogic International Holdings Inc., QLogic International Ltd., QLogic LLC, QLogic Storage Network Infrastructure (Beijing) Co. Ltd., QLogic Switch Products LLC, SysKonnect, Utopia Capital Holdings Ltd., and Xelerated.

Marvell Technology was founded in 1995.

The official website for Marvell Technology is www.marvell.com.

Marvell Technology is headquartered at 22 VICTORIA STREET, HAMILTON D0, HM 12.

Marvell Technology's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The semiconductor company can be reached via phone at 441-296-6395 or via email at [email protected]